Brian Robie Hedges Sells 4,800 Shares of Russel Metals (TSE:RUS) Stock

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 4,800 shares of Russel Metals stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$57.00, for a total value of C$273,600.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, valued at C$570,000. This represents a 32.43% decrease in their ownership of the stock.

Brian Robie Hedges also recently made the following trade(s):

• On Friday, May 8th, Brian Robie Hedges sold 10,000 shares of Russel Metals stock. The stock was sold at an average price of C$57.00, for a total value of C$570,000.00.
• On Friday, May 8th, Brian Robie Hedges sold 200 shares of Russel Metals stock. The stock was sold at an average price of C$57.11, for a total value of C$11,422.00.

Russel Metals Price Performance

Russel Metals stock opened at C$58.52 on Thursday. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. Russel Metals Inc. has a 52 week low of C$39.09 and a 52 week high of C$58.69. The stock has a market capitalization of C$3.21 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. The stock has a fifty day moving average of C$49.84 and a 200-day moving average of C$46.42.

Russel Metals (TSE:RUS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$1.30 EPS for the quarter. The company had revenue of C$1.42 billion during the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.

Russel Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a yield of 3.0%. Russel Metals’s payout ratio is currently 48.31%.

Analyst Upgrades and Downgrades

A number of research firms have commented on RUS. BMO Capital Markets upped their price target on Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. Stifel Nicolaus upped their price target on Russel Metals from C$49.00 to C$58.50 and gave the company a “hold” rating in a research report on Thursday, May 7th. Raymond James Financial upped their price target on Russel Metals from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. TD Securities upped their price target on Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, Scotiabank upped their price target on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Russel Metals currently has an average rating of “Moderate Buy” and a consensus price target of C$59.50.

Russel Metals Company Profile

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.